[Arktwo] Fallon Fallout

[Bruce Beach]

Lots of people have noted
the two events -
the dropping of Fallon -
and
the dropping of the dollar -
but so far as I know -
I am the only one who sees
a direct tie.

Yes,
admittedly,
the bank crises,
the mortgage crises,
the derivative crises,
the bond insurer crises,
all this and everything else,
is a part of the dumping of the dollar.

However,
for a long time
there have been watchers
who have been saying "Watch Fallon",
to know what Bush is planning for Iran.

"Not on my watch" Fallon,
has held the key.
Fallon had to go -
for Bush to be able to go.

As Gates said -
"It was the right thing to do."
One can't buck their boss that way.
It kills authority and the system.

I am not saying -
that the Bush plan for Iran
is right -
or wrong -
or even that it is now going to happen.
In fact -
I think that other events will intervene.

What I do think is that -
the big "Sovereign" Middle-East investors
looked at the fall of Fallon -
and said -
"the die is cast" -
"the game is cooked"
"I want to cash in my chips"
and go home.
And so they sold the dollar.

Well -
you have to admit
that it is at least coincidental
that they both happened at the same time.

Death of the Dollar:

10% annual loss rate 2004-2006
17% annual loss rate 2007
72% annual loss rate last 30 days

Do you see a trend here.
What does the term worth less mean to you?

The dollar has become worth---less.
Then worth--less.
Then worth-less.
Well,
you can see where this is going.

Ahmadinejad said -
"The US dollar is worthless" -
and that he would no longer take it
for Iran's oil.
Sells Iran's oil to Europe for Euros.
Sells Iran's oil to the Japanese for Yen.
But sells Iran's oil to no one for dollars.

Saddam threatened the same thing -
and look what happened to him.
If you don't think this is considered
a serious situation by Bush, Cheney and the Oilers -
then you don't read the world the way that I do.

But anyway,
down goes the dollar -
and the BIGGEST dollar holder
(China)
announced that they are going to diversify -
to other currencies.
Others are also -
as quickly as they can.

None of them are wanting to see
the US dollar plunge.
When you are holding a trillion of them -
the last thing you want
is someone to walk into your office
and say -
the bank notes you are holding -
are worth half today -
what they were yesterday.

Everybody blames the banks.
Everybody blames the sub-prime mortgage holders.
Everybody blames the sub-prime mortgagees - therefore -
Everybody therefore blames me.

Wrong.
The cause was none of the above.
Those are just money veils.
Money is created by human rules.
Money is destroyed by human rules.
Money is replaced by human rules.
Matters not -
so long as real stuff
is being made and distributed.

When rules fail -
rules can be changed.
When money is destroyed -
money can be recreated
at the push of a computer button -
just like it was created
in the first place.

But -
when real stuff is destroyed -
that takes longer to replace -
and the US destroys
over $2billion dollars of real stuff -
in Iraq EACH day.

AND -
that is just on the American side.
They destroy lots on the other side also -
and in other places also.
When you are busy building bullets -
you can't be busy making butter.
So -
American kids lunch programs don't get butter -
and kids elsewhere in the world get bullets.

Other countries have been paying
for America's bullets.
The US established itself
as the world reserve currency.
A position it is now losing.
When it was the world reserve currency
it was able to print as much money
as it wished
to pay for its bullets.
Other countries gave the US
real things
like oil
for its 'bank notes'.

No longer.
Quickly now -
the bank notes will buy less and less.
The US will not be able
to support its big military elsewhere
or anywhere.
The US will cease to be a world power.

The US will not go into the dark quietly.
Hence - at the bell -
one final big round
to try for a knock out blow.

The fall of Fallon was the bell.
Just like at the carnival -
hit the flipper with the sledge -
and ring the bell.
The oil bell is ringing also.
The gold bell is ringing also.
Sounds like a fire station -
with all the bells going off.

Friday was bell day.
Monday will be bell day also.
Tuesday will also be bell day.
On Tuesday Bush will meet
with the Plunge Protection Team.
On Tuesday the Fed will meet
to lower the discount rate.
On Tuesday the dollar will fall.

The end of the week
is the beginning of Spring.
Naw Ruz for the Persians.
A very significant time.
It is also the end of the
forty day morning period
for the Leader of the Terrorists
who was killed in Syria.

Hamas, Hezbollah, Syria, Iran
have all promised to retaliate.
Fallon not slated to be gone
until the end of the month.
If one is convinced that
the US is going to strike -
then the advantage is to pre-empt.

Beach is hearing bells.
Maybe it is just tinnitus (ear ringing).
Does this ring a bell for you?
We won't be long finding out -
if it is a false alarm.

----------
Meanwhile -
fun down on the farm.
At the moment -
taking a rest from snow shovelling.

Jean saw neighbour through the window
out in the stream.
My shovel head that came off
a couple of weeks ago
was blocking their water intake.
They threw it back up on the bank for me.

I have spent an hour
shovelling out towards it -
but have another hour to go.
Needed to do it anyway -
because I need to shovel out
to the battery house
and put water into the batteries.

We are having a warm week
this coming week
and then back into cold, snow and storms.
If possible
I hope to get a big tractor snow blower
to make us a path into the shelter.
Some members are planning to come up next weekend
so that we can do some things we need to do.

We are in Spring Break
so it has been a fun week
with the grandkids.
Took Jema (dog) to the Sportsman Show
where we manned the NSD booth one day.
We are supposed to do another activity for them
(kids, dog and NSD) this next Friday.

Rewrote my dog poem.
Change from 4 line stanzas to three -
and put it into iambic pentameter.
Put some new stories on the web page.
Wish I could find someone to set it to music.

Anyway -
if it interests you -

	www.webpal.org/dog/

--------

Speaking of the farm.
Friend Farmer Fred sends the following:

Wednesday I spoke with the owners/managers of the three major seed
companies here in Maine - Fedco, Johnny's Selected, and Pinetree
Garden. All of them reported that sales so far this season are running
20+ percent higher than last year -- far beyond their expectations. CR
Lawn at Fedco said he is already running out of organically grown seed
in some varieties, and the peak ordering season is still a couple of
weeks away. Both he and Richard Meniers at Pinetree compared the
current boom to the pre-y2k rush. Rob Johnston at Johnny's said the
increase is twice what he was projecting, and he attributed most of
the additional demand to people getting edgy about the economy.

If you don't have seeds yet, you might want to rush that order.
----------

I am certainly trying to encourage all
that can come and give a hand
next weekend
to do so.

There is always lots to do around here.
This week -
the grandkids helped Jean
to start another worm farm.

The first worm farm had gotten over grown.
We started out with a couple of thousand
and there must be ten thousand now.
Both farms are sitting in our dinning room.

I have run out of small wood -
and now have to run all the wood through
the wood splitters.
Taking quite a bit of energy and time.

Snow is waaay too deep to go out
and bring in more wood.
The path out past the wood piles -
which I am shovelling today -
gets shoulder deep in some of the drifts
and it takes a lot of effort
to throw the snow out that high.

Well, about time that I get back out to the shovelling.
Then comes the battery watering.
After that – back in to do the wood splitting.
I have to keep getting up during the night
to put wood on the fire
because we have a small fire box
in the cook stove that we are using.

I will be checking the dollar from about
2:00 or 3:00 on in the morning.
The FOREX (Foreign Exchange Market)
goes 24 hours a day -
seven days a week -
but there is no 'one' market -
and I don't know how to check them all.

The one that I track -
in New York
closed on Friday evening
and opens at that hour in the night on Monday morning.

http://quotes.ino.com/chart/?s=NYBOT_DX

If you look at the chart -
and look at the middle of November -
you see a little vertical drop
about a third of the distance between the two lines.

That is where I woke Jean up in the middle of the night
and told her to come watch -
because 'it was happening'.
Well -
the PPT got it back up
and did a marvellous job of keeping
the red line level up
for three months.

But now when you look at the last days
on the chart -
you see a drop that looks like
the devils ski jump -
and makes that previous drop look like a bump
on the beginner's hill.

----------
Ahhh - beautiful spring!
Lots of snow -
but sunny and no wind -
so working outside is pleasant.

Spring -
the time of change.
Lots of activity at Jean's bird feeders.
Snow melting off the roofs and trucks -
just an exhilarating time.

Spring time also -
in the world of humanity.
The build up of the snow banks
of old systems will melt away.

Change will seem traumatic -
and for a while the earth will appear dead -
until the new leaves begin to appear.
It is a marvellous time to be alive in.

Yes -
the old systems will be swept away -
and we must rake up the dead limbs and leaves
to make way for the new.
But it is the best of times for the gardeners -
both those who grow vegetables -
and those who garden humanity.

Peace and love,
Bruce
DawnSayer@webpal.org